FEC Resources Inc. (FECOF)

[irishintelligence]

---------- Forwarded message ---------
From:
Date: Mon, Apr 4, 2022 at 11:46 AM
Subject: Forum Energy: Increasing Your Stake
To: Dennis A. Uy <[e-mail]>, <[e-mail]>, <[e-mail]>, <[e-mail]>
Cc: <[e-mail]>, <[e-mail]>, <[e-mail]>, Riaz Sumar <[e-mail]>, CCPR <[e-mail]>, <[e-mail]>, <[e-mail]>, Paul Wallace <[e-mail]>


Dennis, Roberto, Jose:

FEC Resources (https://fecresources.com/) owns 6.8% of Forum Energy.
The FEC Resources (ticker: FECOF) market cap is $6.5 Million.
FECOF is publicly traded and shares can be purchased with relative ease.

Roberto, according to your Atok Big Wedge public filings, you value Forum Energy @ $2.5 Billion. And Dennis, according to your Udenna Corporation public filings, you value Forum Energy @ $500 Million.

Roberto and Dennis, using an average of your valuations, FECOF should be trading at about $0.10/share and not its current price of $0.02/share. Atok Big Wedge, Udenna Corporation, and Apex Mining could increase its stake in Forum Energy by purchasing shares of FECOF on the open market.

Many thanks.